Many millionaires say no to advisors on retirement planning
May 6, 2015 by Danielle Andrus, ThinkAdvisor
Almost a third of millionaires nearing retirement have never consulted a financial professional because they feel they can do a better job on their own, according to a survey released Monday by Deloitte Center for Financial Services.
The survey found that while retirement confidence has increased since 2012, more than half of respondents said they’re still not feeling financially set. Naturally, those who have a formal retirement plan and established savings are more confident, but 17 percent of those highly confident investors didn’t have an advisor or even a retirement plan.